Successor Appointments Clause Samples

Successor Appointments. (a) In the event there is a vacancy among the Union Trustees, the Successor Union Trustee shall be designated by President of the International Union. (b) If the Employer Trustee appointed by ABM becomes vacant for any reason, his or her successor and deputy (if one) shall be appointed by ABM, provided ABM is a contributing Employer at the time. If any other Employer Trustee becomes vacant for any reason, a successor Employer Trustee shall be appointed by a majority vote of the then remaining Employer Trustees. (c) Any successor Trustee shall, immediately upon his or her acceptance of the trusteeship, become vested with all of the property, rights, powers, and duties of a Trustee hereunder with like effect as if originally named as a Trustee. (d) It is the intention that the Fund shall be administered at all times by an equal number of Employer Trustees and Union Trustees, but until the appointment of a successor Trustee or Trustees as herein provided, the remaining Trustees shall have full power to act. (e) If any entity having the right to fill a vacancy in the office of Trustee shall fail, for a period of 180 days, to fill such vacancy, any Trustee may petition a court of competent jurisdiction for an order requiring such party to appoint a successor Trustee, and in the event of the failure of such party to comply with such order, may petition such court for the appointment by it of a successor Trustee to fill such vacancy.